The brokers still love apple. The stock remains on most out perform lists. Coming up on the program. S p cuts brazils Credit Rating. Also the case against a rate hike is at its most compelling. Find out why he wants the fed to wait. We break the latest results later on. Something new today. New hair cut . It is a very warm welcome to london, susan. Thank you. Its good to be here and great timing to be here. Whats happening in asia and how its effecting global markets. The last month or so has been the most crazy. As you say, the real spark for this correction is china. It has been about china and what theyre going to do with the policy response. Do they know what theyre doing at this point. People thought whats happening in one corner of the world we dont really care. We dont just have china but the fed. Theyre saying please dont hike and then the emerging market chiefs, some of them saying i think the fed should hike. And japan, the biggest points gain since 1994 we saw yesterday. Its
Gains. Keep in mind, on friday, a lot of these markets attracted quite a bit of foreign money. Taiwan for example, this one is up about 0. 5 . 272 million, taking the week total to about 1. 4 billion. ,ottom three percentagewise fairly heavily weighted. In 1. 6 billion last week. We are going to see a little bit of reaction from the boj announcement. Also commodities, you have the dollar higher. Very complex. Aussie dollar, where are we right now . Second day of sharp the kleins. 87. 23. 87, basically. Have, manufacturing, pmi over the weekend, little bit of a slowdown. Still an expansion. We will get more details on that in just a moment. 99, 102. Int we were we are a little off that right now. Where are we as far as the yen is concerned . That takes us back, all the way back. I have to go out of the camera. This is december of 2007. After that, the yen strengthens from 115 to about 76 over the course of five years. During that time, a lot of japanese corporates moved overseas. Here w
Imagine its going to affect you or someone close. Reporter the friends and Business Partners in alameda have been pins and needles for the past couple of days. As searchers scour the rugged terrain near downiville looking for the familys dark gray tacoma truck, but searchers say the area is treacherous and two inches of new snow is making it tough. Yeah its difficult. You know were nervous. We miss them. We want him home. Reporter but friends say if anyone can survive in the wilderness, its rajos. Hes an avid outdoorsman. He may have gotten stuck on the jeep trails they speculate. Hike out with the kids or hold tight . I feel hes thinking he should just honker down he has food shelter, and wait it out. Eventually somebodys going to find him. Thats why im confident theyre going to be find him. I mean i dont, i cant imagine any other outcome. Reporter searchers say the area is so rugged they have to use Motor Vehicles and atvs and the chp helicopter to search for the family. They will co
Meets highway 237. Bob redell is live there. The work has stopped at the construction site. What do we know about the site . Reporter you can see why the work has stopped. A large portion of the crane is perched, resting on the corner of the Office Building that is under construction. Its just too dangerous to work near or underneath it. As you look to the left you can see how close the other section of the crane came to the Office Complex nextdoor that houses Dell Computer and a Company Called horton works. It missed those offices by about 20 to 30 feet. South bay construction, which is building the new sixstory Office Complex here at the Stadium Tech Center tells us that the crane fell at around 6 30 this morning. They are still looking into the cause. A worker on site wondered to us off camera if the crane operator had pulled the crane arm back too far to the point where it lost its balance and crumpled backwards over the cab. No one was hurt. Its a blessing it didnt fall later in t
Speaking just for myself, not for the movement. I think becoming a party was the single worst idea we could possibly do. [applause] i dont want any organization controlling my way of thinking. None. Nor do i want the other candidates to be controlled by it. I want the voters to have a right to listen to me in the 20 other people besides me and make a decision as to who they would like to have. But i would like all the voters to be involved and not process. I think theyre acting as the independent movement could do. Clearly it could be helpful in changing the structure in the architecture so more people can participate. It can help in education. More independent candidates running as a terrific thing. My guess is early on in the system what the candidates will do is they may not win but they can change the debate. Somebody mentioned Teddy Roosevelt earlier that day. Teddy roosevelt lost the election but clearly changed the election much like Rush Limbaugh did when he ran against bill cl